Welcome to our dedicated page for DXC Technology Company news (Ticker: DXC), a resource for investors and traders seeking the latest updates and insights on DXC Technology Company stock.
DXC Technology Company (NYSE: DXC) stands as a leading independent IT services provider, offering a comprehensive range of end-to-end services to clients worldwide. Formed through the merger of CSC and the Enterprise Services business of Hewlett Packard Enterprise, DXC boasts a 60-year legacy of excellence in IT solutions, managing to generate annual revenues of $25 billion.
Headquartered in Ashburn, Virginia, DXC operates across more than 70 countries, making an impact with its diverse and global talent pool. The company's offerings span two key segments: Global Business Services (GBS) and Global Infrastructure Services (GIS), with the latter contributing the most to DXC's revenue. The GIS segment focuses on modern workplace solutions, IT outsourcing, cloud services, and robust security measures.
DXC's recent achievements include obtaining the Science Based Targets initiative (SBTi) approval for its near-term emissions reduction targets, underscoring its commitment to sustainable business practices. The company's pledge to sustainability has also been recognized with the EcoVadis Gold Medal for three consecutive years and a spot on USA Today's list of America's Climate Leaders for 2023.
Strategic partnerships are a cornerstone of DXC's business model. Notable collaborations include a recent alliance with CyCognito to enhance its cybersecurity services and a joint venture with Ferrovial and Microsoft to develop the generative AI platform Quercus. These partnerships are pivotal in driving innovation and providing cutting-edge solutions to clients globally.
DXC's financial health is solid, supported by a diversified revenue stream and a strong presence in the European market. The company continues to innovate with offerings like the new DXC Fast RISE with SAP service, which accelerates SAP S/4HANA projects, enabling faster time-to-value for customers. This service showcases DXC's ability to streamline IT processes and reduce the total cost of ownership for businesses.
As a trusted partner for the world's largest companies and public sector organizations, DXC excels in modernizing IT infrastructure, optimizing data architectures, and ensuring security and scalability across various cloud environments. The company remains dedicated to delivering top-tier performance, enhancing customer experiences, and driving competitive advantage for its clients.
DXC Technology (NYSE: DXC) has announced a partnership with Pluxee, a global employee benefits and engagement provider, to process benefit card transactions for 7.1 million users in Brazil. DXC will handle up to 400 transactions per second, focusing on secure and agile processing of contactless card activities. This collaboration aims to enhance user satisfaction, loyalty, and retention through features like cashback on purchases.
Fernando Radunz, Executive Director of IT and Payments at Pluxee Brazil, emphasized the importance of this partnership in maintaining their market leadership. Ricardo Ferreira, General Manager of DXC Technology Brazil and Latin America, highlighted DXC's role in supporting Pluxee's transformation towards a more digital, modern, and innovative company.
DXC Technology (NYSE: DXC) has been recognized on Forbes' list of the World's Best Management Consulting Firms 2024. This prestigious award, presented by Forbes and Statista Inc., highlights DXC's position as a leading global technology services provider. The list, announced on August 13th, 2024, is based on extensive surveys conducted among consultants and clients across multiple countries.
The recognition spans 13 industries and 14 functional areas, with DXC being honored for its expertise in partnering with global clients, particularly in transformation and innovation in the AI era. Raul Fernandez, DXC's President and CEO, emphasized the company's unique position in running mission-critical operations securely at scale and pushing innovation boundaries to enhance everyday life.
DXC Technology reported Q1 FY2025 results with total revenue of $3.24 billion, down 6% year-over-year. Diluted EPS was $0.14, while non-GAAP diluted EPS increased 17% to $0.74. The company saw improvements in operating cash flow, up 87% to $238 million, and free cash flow of $45 million. DXC raised its full-year outlook, increasing the low end of adjusted EBIT margin to 6.5%-7.0% and non-GAAP diluted EPS to $2.75-$3.00. The company also increased its full-year free cash flow outlook by $50 million to approximately $450 million.
DXC Technology has successfully implemented technology systems for Whitehaven Coal's recently acquired Daunia and Blackwater mine sites, enabling Whitehaven to double its size in record time. DXC completed the rollout of an SAP S/4Hana ERP system within six months, modernizing HR, Finance, Procurement, and Payroll functions. The project involved transitioning and integrating systems, managing over 150 applications, and transitioning a workforce of more than 2,000 employees. The implementation was fully operational by April 1, 2024, with minimal disruption to production. DXC's early involvement in the feasibility study for the acquisition's technology requirements was important to the project's success.
DXC Technology, a Fortune 500 global technology services provider, has been recognized by Newsweek as one of America's Greatest Workplaces for 2024. This accolade reflects DXC's commitment to fostering a strong global workplace culture under the theme of 'Grow Yourself'.
Key highlights of DXC's workplace environment include:
- A robust hybrid work model
- Reskilling and training programs
- An employee recognition program
- An online learning platform
- Over 20 Employee Resource Groups focusing on diversity, mental health, and student programs
- The award-winning DXC Dandelion Program, supporting neurodivergent individuals in IT employment
The recognition was based on a comprehensive study involving over 1.5 million company reviews from more than 250,000 employees across the United States.
DXC Technology (NYSE: DXC), a global technology services provider, will release its financial results for the first quarter of fiscal year 2025 on August 8, 2024, at approximately 4:15 p.m. ET. Following the release, a conference call hosted by DXC's management will take place at 5:00 p.m. ET to discuss the results. Domestic callers can dial 888-330-2455, and international callers can use +1-240-789-2717, with the passcode 4164760#. The event will be live-streamed on DXC Technology’s Investor Relations website. A replay will be available until August 15, 2024, with specific dial-in numbers and the same passcode. The conference call transcript will also be accessible on the company's Investor Relations webpage.
Checkmarx, a leader in cloud-native application security, is enhancing its collaboration with DXC Technology to offer scalable and comprehensive AppSec programs globally. DXC will now sell and support the Checkmarx One platform, providing enterprise-grade protection across the software development lifecycle, helping organizations to reduce costs, risks, and accelerate digital transformation and cloud migration. This partnership leverages over 5000 experts and a vast ecosystem of partners to deliver tailored security solutions, improve software quality, and speed up the market readiness of applications. Key benefits include holistic application security, reduced risk, and cost efficiency.
DXC Technology (NYSE: DXC), a major global tech services firm, announced its commitment to achieving net-zero Scope 1 and 2 greenhouse gas emissions by 2050. This includes a near-term goal to cut emissions by 65% by 2030, based on 2019 levels. The company's emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). Since 2019, DXC has cut energy consumption by 44% and reduced Scope 1 and 2 emissions by 58%. The firm also uses over one-third renewable energy. DXC's hybrid work model and energy efficiency measures have been key in their sustainability efforts.
DXC Technology, a leading global technology services provider, has appointed Kaveri Camire as Senior Vice President and Chief Marketing Officer. Camire, who has a 20-year tenure at IBM, will oversee DXC's global marketing and communications strategy. Her responsibilities include enhancing brand positioning, digital campaigns, and external relations. DXC's President Raul Fernandez praised her expertise in global marketing and her ability to drive transformation. Camire's appointment follows other recent senior leadership additions, indicating DXC's commitment to strategic growth and transformation. She will leverage her experience to align DXC's brand strategy with client-centric stories and innovative solutions.
DXC Technology has introduced DXC Fast RISE with SAP, aimed at accelerating the implementation of SAP's S/4HANA within a year. This service aims to help businesses achieve quicker time-to-value and lower total cost of ownership. DXC leverages its extensive history and client relationships with SAP to offer first-to-market capabilities and unmatched intellectual property across various industries. The service includes a comprehensive assessment to grasp the full scope of the SAP transformation. DXC's initiative has been awarded the America's SAP User Group (ASUG) Innovation Award for its implementation at Energy Harbor, with further successful deployments in Europe.
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